Seoul Signals Green Light for Micron's $50B AI-Memory Drive

Micron Technology’s plan to hit roughly $50 billion in fourth‑quarter revenue with an 86% gross margin and about $18.3 billion in adjusted free cash flow drew a bullish signal as SK hynix jumped 8.3% on the Seoul signal. The company’s quarter showed $41.46B in revenue, an 84.9% adjusted gross margin, and guidance implying a Q4 around $50B revenue, with mid-point guidance requiring a 20%+ sequential revenue rise. GuruFocus notes the stock trades about 63% above its GF Value, underscoring high expectations, and while Asia’s memory rally supports the AI‑memory narrative, Micron still must prove AI demand can translate into meaningful profits.